Management of Federal Grid Company and MRSK Holding held a meeting with investors as part of VTB Capital’s Fourth Annual “RUSSIA CALLING!” Investment Forum. The forum is aimed primarily at encouraging investment in the Russian economy and building up partnership relations between Russian businesses and international investors.
While addressing opening remarks to representatives of the investor community, Andrey Kazachenkov, First Deputy Chairman of the Management Board of Federal Grid Company, and Aleksey Demidov, Deputy Executive Director for Economic Affairs and Finance of MRSK Holding, reminded the audience that MRSK Holding had transferred the functions of its sole executive body to Federal Grid Company under the agreement signed on July 10, 2012. According to them, management of both companies is making a concerted effort to enhance the power supply reliability and achieve synergy from reduced costs in the industry, the improved efficiency of network connection services, and the synchronization of their capex programs. The companies continue to adhere to their current business plans, the approved tariff decisions, and their capex programs.
Andrey Kazachenkov said that the companies aimed to keep open and transparent and would continue extensive dialog with the investor community.
Aleksey Demidov emphasized that RAB regulation was still a priority for MRSK Holding’s long-term tariff regulation and that extensive work continued on agreeing on the specifications of RAB regulation for the remaining regions (as of October 1, 2012, RAB regulation specifications for 35 regions were agreed on).
During the meeting, the executives told the investors about the companies’ debt policies, capex figures, and efforts to improve the operating reliability of the grid sector. Their successfully arranged bond loans were an important milestone in the companies’ operations in debt capital markets.
At the end of the meeting, Andrey Kazachenkov and Aleksey Demidov answered questions and assured the audience that both companies would continue to pursue a policy of being transparent to the investor community.
Back to the list